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IDG Ventures India and Inventus Capital Partners Invest US$2 Million in Peel-Works Outsourcing (Asia)
India-based big data analytics company Peel-Works Outsourcing has raised US$2 million in a Series A financing round from venture capital firms IDG Ventures India and Inventus Capital Partners. Peel-Works intends to use the investment to expand its existing offerings, hire senior management and increase its technology and product development. Read More
Easy Taxi Raises US$40 Million from Series D Round (Latin America)
Easy Taxi, a Brazil-based mobile taxi application operating across Latin America, Africa, the Middle East and Asia, has raised US$40 million in a Series D financing round led by Russian venture capital firm Phenomen Ventures. Tengelmann Ventures, the investment arm of Germany-based multi-sector retailer Tengelmann Group, also participated in the round. Easy Taxi, which was founded in 2011 and is… Read More
Apax Partners to Invest in Cholamandalam Investment & Finance Company (Asia)
Private equity investment group Apax Partners will invest INR5 billion (approximately US$83 million) in Cholamandalam Investment & Finance Company (CIFCL), the financial services arm of India-based conglomerate Murugappa Group. Apax will subscribe to 50 million compulsorily convertible preference shares, which hold a face value of INR100 (approximately US$1.67) per share and are convertible at INR407 (approximately US$6.78) per share, giving… Read More
EQT Acquires a Majority Stake in Dataflow Verification Services (Asia)
Private equity group EQT has acquired a majority stake in Hong Kong-based Dataflow Verification Services from the company’s founders. The transaction was structured through EQT Mid Market Fund. Dataflow is a provider of immigration compliance and credential verification services to governments, government-sanctioned authorities and private institutions. Financial details of the transaction were not disclosed. Read More
Delivery Hero Buys ClickDelivery and PedidosYa, Provides Exits for Axon Partners, Kaszek Ventures and Atomico (Latin America)
Germany-based online food ordering company Delivery Hero has acquired majority stakes in two private equity-backed online food delivery services, Colombia-based ClickDelivery and Uruguay-based PedidosYa. The acquisitions provided an exit for the companies’ private equity investors: Axon Partners from ClickDelivery and Kaszek Ventures and Atomico from PedidosYa. Axon reportedly returned nearly four times its original May 2013 investment, which was structured… Read More
Northstar Holds a First Close for Its Fourth Fund (Asia)
Southeast Asia-focused private equity firm Northstar Group has reached a first close of approximately US$500 million on its fourth fund. Northstar aims to invest around 70 percent of Fund IV, which has a hard cap of US$1 billion, in Indonesia, with the remaining capital slated for deals in the rest of Southeast Asia. Read More
Darby Private Equity Invests in Enzen Global Solutions (Asia)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has invested in India-based engineering consultancy Enzen Global Solutions. The transaction was structured through Darby Asia Opportunities Fund III. Enzen Global Solutions provides advisory, management and engineering design services for projects in the power, gas and water infrastructure sectors in India and the United Kingdom. Financial details of the… Read More
Carlyle Reaches First Close for Brazilian Buyout Fund (Latin America)
Global private investment firm The Carlyle Group has reportedly reached a first close on its second Brazilian buyout fund with BRL375 million (approximately US$170 million) in capital commitments. Investors in the fund, which has a BRL1 billion (approximately US$452 million) target, include Banco do Brasil and Brazilian pension funds. Carlyle raised BRL360 million (approximately US$225 million) in 2011 for its… Read More
Ascent Capital Closes Ascent Rift Valley Fund with KES4.3 Billion in Commitments (Sub-Saharan Africa)
Private equity firm Ascent Capital has closed its Ascent Rift Valley Fund with KES4.3 billion (approximately US$48 million) in capital commitments. The growth fund is focused on companies in Eastern Africa and will invest in eight to 12 countries with ticket sizes between KES87 million (approximately US$1 million) and KES791 million (approximately US$9 million). Investors in the fund included international… Read More
Patria Brazilian Private Equity Fund V Closes on US$1.8 Billion (Latin America)
Patria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has reached a final close on its fifth private equity fund, Patria Brazilian Private Equity Fund V, with US$1.8 billion in capital commitments, surpassing its original US$1.5 billion target. Investors in the fund hailed from the United States, Canada, the Middle East and Asia. The Brazil-focused fund… Read More
General Atlantic to Invest in SAS Sistema de Ensino (Latin America)
Global growth investor General Atlantic will invest in Brazil-based learning system provider SAS Sistema de Ensino (SAS). The company provides technology-enabled services, including curriculum content, teacher training and consulting services, to educational institutions. SAS intends to use the investment to enhance its educational content offerings and expand its geographic footprint throughout Brazil. Financial details of the transaction were not disclosed. Read More
Sequoia Leads Series B Financing Rounds for Two China-based Companies, Daoxila.com and Miyabaobei.com (Asia)
Venture capital firm Sequoia Capital China has led a Series B financing round for China-based online-to-offline wedding planner Daoxila.com. Fidelity Worldwide Investment’s venture capital arm Fidelity Growth Partners Asia also participated. The new funding will be used for customer experience enhancement, technology upgrades and talent recruitment. Financial details of the transaction were not disclosed. Separately, Sequoia Capital China has led… Read More